Forexpower
Gbpjpy dip like raining here a opportunity read the caption On the daily chart, we can see that GBPJPY got rejected by the upper bound of the rising channel and extended the drop as the BoE made another step towards rate cuts with the hawkish members changing their vote from a hike to a hold. From a risk management perspective, the buyers will have a much better risk to reward setup around the lower
Usdchf clean to see a big sell big dip read the caption Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.8332 should target 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062. Firm break there will target 0.9243 key medium term resistance next. On the downside, below 0.8963 minor support will turn intraday bias neutral and bring consolidations first. But outlook will stay bullish
GBPJPY sell opportunity strong and big fall soon GBPJPY falling soon which is generally considered a signal of weakening momentum often followed by pullbacks or reversals In this case it might be a signal for a pullback into the lowered bound Of the channel but we will need a catalyst to kick off such a big corrections
lower interest rate will boost the gold read the caption “The next move probably hinges on this week’s PCE Index release. Evidence of further disinflation in the U.S., which would ease fears of prices accelerating or at least re-anchoring at a higher level, would be very bullish for gold.”
Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of a percentage point
Usdjpy do anything but downfall read the caption On the 4 hour chart, we can see that the price recently broke out of the trendline that was defining the uptrend since the 146.50 level. We can also notice that we had a double top at the resistance level, but the price will need to break below the neckline at 150.36 to confirm it. This recent breakout should point to at least a pullback into the neckline, but the consolidation skewed the picture,
Gbpusd dropping and dipping only option read the caption Intraday bias in GBP/USD stays neutral, as consolidations from 1.2574 continues. Risk will stay on the downside as long as 55 4H EMA (now at 1.6901) holds. Below 1.2574 will resume the fall from 1.2891 to 1.2516 structural support first. Decisive break there will suggest that rise from 1.2032 has completed at 1.2891 already, and turn near term outlook bearish.
Xauusd ready to above 2222 read the caption “The next move probably hinges on this week’s PCE Index release. Evidence of further disinflation in the U.S., which would ease fears of prices accelerating or at least re-anchoring at a higher level, would be very bullish for gold.”
Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of a percentage point by 2024 end despite recent high inflation
eurusd analysis show us big bullish read the caption The best approach I can see working here today would be to look for a long scalp from a bounce off the support at $1.0831 or a short scalp from a bounce off the resistance at $1.0854
In the unlikely even that the price reaches $1.0921 today, that could be a great entry point for a short swing trade if we start to see a bearish reversal from that level
Audusd crash soon to hit new low level read the caption The AUD/USD pair bounced off last Friday’s lows and is climbing but faces a key resistance level at 0.6551, the confluence of the 50 and 200-day moving averages (DMA). Further upside is seen once breached. The next supply zone would be the 100-DMA at 0.6588, ahead of 0.6610. On the other hand, sellers' failure at 0.6560 would sponsor a leg-down
Gold will hit another peak level read the caption As the gold market is expected to consolidate around its recent record highs, investors are finding value in other areas of the precious metals market as it could be silver’s turn to run, according to some analysts.
While relatively calm; however, there are some signs investors are finally paying attention to the market as the gold/silver ratio looks to end the week at its lowest point so far this year. The ratio is currently trading around 85.50 points., down sharply from the 89 points seen at the start of the week
Xauusd buy all time high XAUUSD will hold its March meeting this week Although the central is largely expected to keep its policy settings unchanged the institution led by Jerome Powell could modify its forward guidance and adjust its outlook in the quarterly summary of economic projections in light Of gold
Gbpusd do any thing to go sell read the caption The GBPUSD has completed its down and up "lap" that saw the pair move from an Asian session high at 1.273052 to a low in the European session at 1.2677 (and briefly below the 200 bar MA on the 4-hour chart at 1.2673), and then back up to a US session high at 1.2733 The current price is trading at 1.27206
That the new session high, the price did extend above the 100-bar moving average on a 4.-hour chart currently at 1.27285. So like at session lows, the price will move the 4-hour moving average by a few pips only to fail